tonight about collective widespread anger at a poll that has misled opposition says is rigged in support of the u.s. backed monarchy. egyptian president mohammed morsi names the date for a public referendum on the country's new constitution made ongoing mass protests triggered by self-imposed powers. that israel's called on by the world now to cool off new settlement building in the west bank in east jerusalem just a day after the u.n. upgraded palestine's diplomatic status. hello this is r.t. it's kevin or any of the smalling at one am and the islamist led opposition in

kuwait has boycotted saturday's parliamentary ballot in a bitter standoff for the country's an elected leaders the u.s. backed monarchy is accused of amending the voting rules to influence the outcome of the poll is r.t. if you see capital. kuwait may be a tiny nation but its regional influence as well as a strategic importance to the west is immense absolutely immense as an opec member anything any sort of unrest that happens on the ground here could have potential impact on the world oil market as well as global oil prices as well as the pentagon's plans to use this tiny nation as a hub for its ground forces as a counterweight to iran now kuwait already holds three american military bases and folks in washington are talking about increasing the troop presence here especially in light of the withdrawal of troops from iraq and the looming withdrawal from afghanistan now tolls have officially close here in kuwait and while we won't know the results for a few more hours the opposition is already claiming a victory here saying that the boycott was success that voter turnout was low and

that the parliament therefore is illegitimate now what this means is this could spark further on rest on the streets on the ground here in kuwait as people are quite frustrated with the developments in the political system on one hand this country is considered to be one of the most democratic and liberal and sort of open minded compared to the other gulf monarchies but at the same time the unelected ruling emir has the power to veto legislation to dissolve the parliament which is what has taken place four times since two thousand and six as well as effectively there's been a ban on little parties and gatherings of more than twenty people are banned and so the worry here is that while kuwaitis do generally enjoy more rights than residents of other gulf states that there is a trend towards effective oppression here on the ground and a move away towards democratic as ation and this is of course all happening as the gulf countries are struggling to deal with the effects of the arab spring hoping to stave it off from taking place on the ground right now what we've heard from the

opposition already actually in fact we have spoken to. who on twitter his leading opposition figure on twitter he had already said the kuwaiti people have succeeded in bringing down the selection by not taking part we sat down with him and i want to play you a little bit of what he had to say about the political problem here. one problem is that the government doesn't need neither the constitution nor democracy and they always start to talk about dialogue whenever they need a temporary alternative but in practice they are defying democracy the main problem is that since one thousand nine hundred seventy six the development of kuwait has stopped because the government started thinking of how to change the constitution and get rid of it the growth of the country has stopped and the government is unable to change the constitution or to continue with the development process as a result the situation has got to where it is now. and so what he's referring to is effectively what people feel is a corruption at the top a lack of economic development despite the massive oil wealth of this country both

as well as what people feel a subversion of the political system and as i said while there is more media freedom and sort of political freedom relative to other countries here we have seen activists arrested for speaking out negatively against the ruling family and the policies here and we've also seen crackdowns on public gatherings and sanctions protests with security forces using tear gas stun grenades as well as rubber bullets so the fear here is that the country could be moving away from liberal policies and from theoretical democracy well suppose allusive a couple of hours ago we are expecting to get the results of that election within the city as we do we'll of course keep you up to speed with that let's not talk to a great caesar geo political analyst stopping serialism dot com for more thanks for being on the line from new york there good to see you says smalling now the opposition as we've just been hearing from a looser there is boycotted the election begs the question that how can there be an effective force in the country's affairs if they're not in parliament in the first place. well the force that they'll be able to exert is going to be on the streets

what we've seen in the region really ever since the beginning of the arab spring is that street protests themselves are not necessarily a show of power but what they do show is the level of discontent and it creates an instability. within the government hopefully from the kuwaiti opposition's perspective forcing change remember too that the opposition in kuwait is not a monolithic entity you have many of the tribal identifications tribal groups which generate a lot of the support but then you also have political persuasions liberal opposition islamist opposition and so forth so when we talk about the opposition we shouldn't think of it as one dimensional but rather those who stand in opposition to a u.s. backed puppet government. that could swing to conservative religious forces in the countries have thought how much what's it going to mean for kuwait. well difficult to say it would depend on what sorts of religious forces what we see in egypt for example with morsi and the muslim brotherhood is

a clear power grab by islamist elements attempting to consolidate their own power in the face of massive opposition i think that something similar to that is a possibility in kuwait but again as i mentioned the opposition is complex and there's many different factors i think that the most important element in all of this is whether or not the opposition is able to stand up against the family the ruling class the ruling class in kuwait and most importantly standing against u.s. imperialism kuwait in and of itself is not terribly important but when seen in the context of the g.c.c. and seen as one of the most reliable u.s. allies particularly juxtaposed against what is happening in bahrain and we understand that the united states in the western powers cannot allow the saw family to fall that's the funny thing is that you know call between the u.s. has been largely. full of the been largely silent about the protests in bahrain and kuwait of me while calling for regime change in syria and elsewhere simply prophecy

or is it more complex than that has just been alluding to. well i think it's a little bit of both i mean certainly the us ruling class in the us political establishment is rife with hypocrisy is but it is more complex than that there are military there are military reasons for why bahrain and kuwait remain under the radar so to speak but there's also political reasons and geo political ones in in the context of iran you have to see that kuwait is a launching point in a possible war against iran just as bahrain is the same thing saudi arabia has seen protests in the provinces in the eastern region with their shiite minority so all of these taken together really shows that the united states has both political geo political and then of course social reasons why they want to maintain the status quo final thought coates course member of a big member of it could this have a knock on effect across the world if the situation escalates and where are the chances of that. it's entirely possible but again i think that global oil prices

and the oil markets are much more complicated than simply one country and particularly a country like kuwait instability in kuwait wouldn't it in and of itself have an effect on those oil prices but rather they might send a wave of shocks across the entire region and change the levels of production the levels of output that then would have an adverse effect on global oil markets and that of course would be tremendously dangerous for the for the world economic situation and it would depend which way it goes to show whether or not the united states would support eric thanks for that eric draitser there live from new york pre-shared thank you. he chips president mohammed morsi has announced a referendum on a new constitution that will be held on december the fifteenth but says the country's gripped by unrelenting protests with thousands coming out both for and against morsi and it's not his tone but reports now the document approved by the islamist allies has come in for some fierce criticism. we've been hearing for over a week now from the opponents of addiction president mohamed morsi and the muslim

brotherhood who back him he put a system of the decree he gave last week granting himself sweeping new powers the power to make decrees with no legal challenge the new say the new constitution rushed through opponents say and to islam ist well you won't hear any back criticism here but this is a demonstration in support whatsoever which moves see many people here for the most with whom i do so from other sections of egyptian society. very supportive of him as a president saying he was practically elected i think that his declaration was for a good reason that you think is reasonable for a. bit of a showing but it's not just a simple task see this is the people that need. to be samsonite. because they were present i just showed society at large sections of the population

also support behind what you see me out of this not just being peaceful protests in around tahrir square that have been running around egypt some protesters are going to. get these demonstrators in support of mohamed morsi say maybe he was finally let me say i think you would be a physician you know i mean if he's going to have to resign kind of maybe you have to try some kind of be political because if you're still doing democracy lucian's gaza city middle east expert dr omar should told me that most he's not doing enough to pacify his opponents. there are thirteen point two million voters who voted for the president and there are more than in twelve million that will do it against him so any of these camps can mobilize hundreds of seldon's anywhere in egypt it's a power struggle the opposition or some of its leaders at least the last

presidential elections in the parliamentary elections before that they are quite wary about islamist supporters of the president and don't want to see. domination of egypt's elected institutions the president was elected by a very narrow margin i'm not surprised with the polarization i think the president could have done a better job in containing such a call is issued by having a better communication strategist but definitely in egypt if the constitution was upheld and if we had. all of introductions i think egypt would be heading towards the right track. and the western countries plus the un of israel for authorizing three thousand new settler homes in the west bank and east jerusalem israel's move came a day after the u.n. general assembly upgraded palestine being nonmember observer the u.s. called the construction decision counterproductive to peace negotiations on a two state solution palestinians say the lands of the west bank and east jerusalem which were occupied by israel of the one nine hundred sixty s.

must be returned to the sense that the number of israelis living there is risen the half a million for the palestinians all settlement building must stop before any peace talks begin even rights activists to find things both sides are further apart from a two state solution than ever. if we're serious about a two state solution and if we're serious about moving towards that. there's no way that this assessment clenching can be seen as in any way a move towards going back from the table and moving towards the peace talks that both sides they desperately need in the latest upsurge in violence there in gaza we've seen documented proof that israel launched indiscriminate attacks. they fail to distinguish between combatant and civilian in the same way that hamas rocket attacks very clearly are aimed at civilians which is a violation of international humanitarian law in the sense that target civilians or by the indiscriminate nature of their arsenal who are further away for

a two state solution perhaps you've ever been before but only by building on the international consensus that we've got that israel and even the united states are forever away from can we hope to move towards. long lasting peace in a very short while tonight reporting on the future of america's high tech hub that suggested the silicon valley shutting out the in a very creative digital revolution in the first place one of a number of great stories about why this great. i never thought i could earn a living this way. and i'll tell you a shill of. should test small arms of the sort i was tomasz in building plant sourced count of all the weapons she's fired over the past twelve years. i got so used to it sometimes my friends ask me to join them at the rifle range and i say no

way i'm so tired of shooting. the planet's history goes from making firearms doing world war two to ballistic missiles from your class submarines during the cold war the bulk of the soviet industry was moved here in the 1940's to flee the advancing germans south here also became the heart of soviet military production closed off to foreigners for half a century it thrived on the massive roots of the soviet military when the u.s.s.r. collapsed but life here was shaken to the core but some adapted to better than others. this is the year old truck factory russia's number one of. truck made our girls a look at how well the workplace is organized everything's done to make sure the workers don't waste time waiting there was so production is booming the factory has largely managed to get on to civil rails these johnsons sold around the globe hit

a base a brand new be the way to be delivered to clients seventy trucks like this one roll off the plants conveyor belt every day spoke about this things that absolutely huge . well i'm no formula one pilot but hopefully if i can get up that. i can go for a test drive. oh that was fun perhaps i should get one of these to travel to whatever in the morning was with a cost of about forty thousand dollars i should start saving money. do we speak your language i mean some of the worn out of the. news programs and documentaries and spanish more matters to you breaking news

a little too much of angles stories. here. troy spanish find out more visit. more news today violence is once again flared up. these are the images go world has been seeing from the streets of canada. trying to corporations rule today. hello again thanks for being with out t. tonight person for the use of merge apparently showing syrian rebels executing loyalists while the victims pleaded for their lives some of the images you're about

to see graphic one of the gunman said referencing and al qaeda linked group behind several terrorist attacks in syria this comes as the opposition fighters claim new advances in the drive towards the capital damascus meantime syrian authorities say they restored all internet and phone services offered today nationwide communications blackout news outlets patrick henningsen told me the information blockade benefits those backing the rebel militias become a massive problem again with syria and we've had this problem from the beginning which is the skewing of information coming out of the country the syrian observatory for human rights was responsible for a lot of the usual bogus claims that allowed the west to sort of justify the backing of the for you syrian army terrorist groups the leaders of our western countries particularly nato countries or encouraging the syrian terrorist rebels guerrillas whatever you want to call them to really accelerate the bloodbath in that country because in the eyes of washington or london the bigger the blood out

the quicker they can have reaching just a report just came out this week with a supplying satellite units to rebels rebel groups terrorist groups essentially in syria so they can communicate while the internet is down to their country there was a niche initially sold in the media in places like the washington post there's a move by the assad government possibly to shut down rebel communications but actually upon further investigation it looks like it's possible that actually the combination of the united states operatives and the syrian rebels could actually be behind the bringing down the internet and the reason is is because if the blood escalates in that country the last thing that the west want. is any reports coming out on the internet of actual rebel terrorist atrocities in a country. that we've seen quite a bit of recently. so it's long been the world's leading hub for high tech business

a reputation largely down to an influx of foreign entrepreneurs result is within a culture of a found this global symbol of enterprise could soon be in danger with the u.s. growing ever more reluctant to welcome new talent from abroad puts the silicon valley. lots of sharing helping each other even competitors will help each other. some of the biggest brands on the planet n.l. instantly associate it with america and surprisingly the majority were created by foreigners. jerry yang who was born in taipei surrogate britain whose parents came from russia when he was six or pierre omidyar and the rainy and born in paris silicon valley has thrived thanks largely to immigrants people who came here with their dreams and had the drive to make them a reality they transformed this plays into an unreliable for high tech development the birthplace of global pioneers one person who helps those outsiders to get

a foot in the door is german born and how it could blend struck she says the valley moves so fast that it seems skilled foreigners bring up left frightened center that she average day and there is a simple reason such success is coming their way so many of the of the indians and chinese that come in the others they make these great companies and then they hire people so they are really giving work i think they are hungry but the words they want to succeed they're driven the valleys the biggest price came with the boom of immigrants in the ninety's that brought innovations in software and internet services the numbers speak for themselves just over half of the companies found it in silicon valley from than it ninety's to the mid two thousand had founders born abroad believe us research says there is a case to one for him born inventor behind three quarters off after a new patient and like many others getting him peyton for his start up is what brought julia to palo alto from project to school smart wall and works as

a messaging tool for those who want to avoid social networks most of the people that are that i see are foreigners and also there are a lot of americans that are not from here so they're also coming it's it's not a matter of nationality here is a matter of the real skills that you have but there are some clouds on the california sky currently over half of foreign born inventiveness face a visa hurdles the end. knowing economic recession has broad deep fears at home and about much needed jobs going into hands that have come from abroad making it hard for many to understand that foreigners can actually bring benefits to times when america so desperately needs them but i think that's something that white america doesn't get they don't understand why. because they don't because i think that a lot of their fears is still there they're taking their jobs away american prides

itself on being a melting pot the country where thousands flocked for a better life but u.s. immigration policy me put an end to all that and you know question artsy. couple of news stories in brief at least two people have been injured as clashes broke out of immigration of mexico's president place of used tear gas to disperse the protesters try to break through security barriers by throwing molotov cocktails the protesters claim the election has been bought by president nieto. north korea says it's set to launch a long range rocket later this month the move set to sell relations than with south korea and the united states and failed launch back in april resulted in washington suspending food aid to the to tell experience day tension on the potential is also rising over south korea's recent deal with the u.s. which will dramatically increase souls ballistic missile range. a lot of programs like that for the small and just ahead and fidler lister's here with the global financial news round of our washington studios is after the break. for.

trimmings in this tree even for specialists a voice can produce several sounds it warms but we didn't use the art of throat singing comes naturally picked up like a language. a language of communicating with nature it said that's where throat singing originates from the unions believe not only animals but also all surrounding objects like reverse forests and even stones of souls and by imitating the sounds they believe assumes to capture the power of nature. was.

there are special instruments that accompany the singing give gainey says there is even a legend about his instrument a gill it says once there lived a poor shefford who had the best horse that won every competition but jealous people killed it on the course was revived as an instrument. of stop the fall is because of the spirit of the horse coming to his dream he said make an instrument from a tree the sounding board from the leather of my face the strings. and to remember me make an engraving of my head part of the instrument he did so i called the instrument again which means come back and this melody on this human is called. to fly as one of the most famous group. in the republic their next goal is to tour

broad they say for you are opinion since difficult to pick up and sing so i asked them to teach me and see if i can do it little you cheer it up and they were. sharing it oh you. did that was sure to say can you know who was to thank gary r o. but now it is a moody part of the song and not the actual scrooge singing which i wouldn't even try to repeat. so maybe you have to be born here to be able to sing like this puzzled so until i met she looks like a deveny and i don't even speak their language but she is from japan. most as to heart and mind so that you come from two hundred years ago until stop here she's not planning

a professional singing career she keeps practicing just because it's become part of her nature. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. to why would we want this.

why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account.

bubbles are often thought of as detrimental to an economy is healthy needless to say but what if in reality of progress cannot happen without bubbles and with the u.s. economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and the state first thank you so much for being on the show very good to be here we're going to have you because you have said and i would

definitely agree that bubbles have received bad press whether we're talking about the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now well the first thing as you've said is the bubbles or boringly common where ever there is a active trading liquid market in the us from tulip bulbs to real estate by way of gold and silver mines in the new countries there will be speculative as bull runs collapses they are boring but every once in a while the object of speculation over some two hundred fifty years has been one of those transformational technologies that change every.